Business
Ascot Resources Intercepts Bonanza-Grade Gold of 193 g/t Over 1.0 Metre at the Sebakwe Zone
VANCOUVER, British Columbia, July 14, 2022 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce t
About this update from Cambria Gold Mines Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, July 14, 2022 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the first batch of assay results from the 2022 exploration drill program at the Company’s Premier Gold Project (“PGP” or the “project”), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. These results are from surface exploration drilling at the emerging Sebakwe Zone near the past-producing Premier mill, and with assays of up to 193 g/t gold, continue to highlight the high-grade tenor of the Sebakwe Zone. Highlights from the drill results include: 193.00 g/t Au and 41.8 g/t Ag over 1.0m from a depth of 315m in hole P22-2393 17.78 g/t Au and 20.1 g/t Ag over 3.0m from a depth of 366m in hole P22-2393, including 51.00 g/t Au and 54.6 g/t Ag over 1.0m 4.77 g/t Au and 18.2 g/t Ag over 4.5m from a depth of 331m in hole P22-2393, including 12.10 g/t Au and 34.5 g/t Ag over 1.6m 25.90 g/t Au and 21.0 g/t Ag over 1.0m from a depth of 413m in hole P22-2389 This release summarizes the results from six surface drill holes totaling 2,477 metres at the emerging Sebakwe Zone, approximately 600 metres east of the Premier mill building. After drilling two holes in 2021 on this zone, one of which intercepted 36.17 g/t gold over 7.1 metres (see News Release dated December 15, 2021), the Company had initially planned on drilling 10 new holes totaling approximately 4,000 metres as a part of the 2022 exploration drilling program. As drilling progressed, based on encouraging visual indications of mineralization and structure, the drill program was increased to 15 holes totaling 6,091 metres at the Sebakwe Zone. Derek White, President and CEO of Ascot commented, “The Sebakwe Zone continues to impress with its high-grade pedigree and growth potential. Hole P22-2393 intercepted 193 g/t gold over 1.0m, representing the highest-grade drilled by Ascot in recent years. In such a short timeframe, Ascot has now defined visual mineralization at the Sebakwe Zone in multiple parallel vein structures over a strike extent of 70 metres and a vertical extent of 120 metres. Given its proximity to the Premier mill and planned underground mine development, Sebakwe is a compelling target for low-cost, accretive resource growth. The geometrical similarities to...